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Enegex Limited (AU:ENX)
ASX:ENX
Australian Market

Enegex Limited (ENX) AI Stock Analysis

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AU:ENX

Enegex Limited

(Sydney:ENX)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
AU$0.29
▲(11.92% Upside)
The score is held back primarily by weak financial performance (persistent losses, minimal revenue, and negative operating/free cash flow), partially offset by low leverage (zero debt). Technicals are comparatively strong with a clear uptrend and positive momentum, but valuation remains pressured due to negative earnings (negative P/E) and no indicated dividend support.
Positive Factors
Zero Debt Profile
A zero-debt profile reduces financial risk and provides flexibility for future investments, supporting long-term stability.
Strategic Acquisition
The acquisition enhances Enegex's exploration capabilities and market position in the gold sector, potentially driving future growth.
Leadership Strengthening
The addition of experienced leaders is expected to enhance strategic direction and operational execution, supporting long-term growth.
Negative Factors
Persistent Losses
Ongoing losses indicate operational inefficiencies and challenge profitability, potentially hindering sustainable growth.
Negative Cash Flow
Negative cash flow suggests reliance on external funding, which can limit financial flexibility and impact long-term viability.
Declining Equity
Declining equity weakens the financial foundation, reducing resilience against economic fluctuations and limiting growth potential.

Enegex Limited (ENX) vs. iShares MSCI Australia ETF (EWA)

Enegex Limited Business Overview & Revenue Model

Company DescriptionEnegex Limited explores for, evaluates, and invests in natural resource properties in Australia. The company explores for nickel, copper, and PGE deposits. It holds 100% interests in the West Yilgarn project that comprises 20 granted exploration licenses totaling 3,784 square kilometers in the West Yilgarn province; and the Hart Dolerite project, which comprises one granted exploration tenement that covers 374 square kilometers located in the East Kimberley province, Western Australia. Enegex Limited was incorporated in 2012 and is headquartered in South Yarra, Australia.
How the Company Makes MoneyEnegex Limited makes money primarily through the sale and installation of renewable energy systems, such as solar panels and wind turbines. Revenue streams include direct sales to customers, long-term maintenance contracts, and energy management services. Additionally, the company may receive government subsidies or incentives for promoting sustainable energy solutions. Partnerships with construction and real estate companies can also contribute to its earnings by integrating Enegex's systems into new developments.

Enegex Limited Financial Statement Overview

Summary
Enegex Limited is facing significant financial challenges. The absence of revenue growth and persistent losses are concerning. While the company has no debt, its operational inefficiencies and cash flow constraints could pose risks to future financial stability. The focus should be on generating revenue and improving operational efficiency to enhance financial health.
Income Statement
Enegex Limited shows a challenging financial position with no revenue generated in the latest period and a persistent net loss. The net profit margin is negative due to ongoing losses, and there is no revenue growth. Both EBIT and EBITDA margins are negative, indicating operational inefficiencies.
Balance Sheet
The company maintains a debt-free balance sheet, which is a positive aspect. However, the equity ratio is high, which shows a strong equity base relative to total assets. The return on equity is negative due to net losses, indicating inefficiencies in generating returns from equity.
Cash Flow
The cash flow statement reveals negative free cash flow, reflecting significant cash outflows. The operating cash flow to net income ratio is negative due to negative net income, and the free cash flow to net income ratio is also negative, highlighting cash flow challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.0050.53K0.000.00
Gross Profit0.000.000.0050.53K0.00-14.10K
EBITDA-331.08K-331.08K-583.00K-571.00K-640.10K-472.87K
Net Income-1.32M-1.31M-895.00K-1.53M-640.00K-475.45K
Balance Sheet
Total Assets1.71M1.71M2.94M3.63M2.22M1.30M
Cash, Cash Equivalents and Short-Term Investments1.25M1.25M1.80M2.58M706.49K961.70K
Total Debt0.000.000.000.000.000.00
Total Liabilities147.79K147.79K246.72K101.49K181.82K143.85K
Stockholders Equity1.56M1.56M2.69M3.53M2.04M1.16M
Cash Flow
Free Cash Flow-574.00-574.61K-818.17K-1.20M-1.71M-521.42K
Operating Cash Flow-286.00-286.88K-362.49K-562.66K-613.64K-324.42K
Investing Cash Flow-148.28K-260.59K-413.12K-551.82K-1.09M-197.00K
Financing Cash Flow-2.09K-2.09K0.002.99M1.45M1.43M

Enegex Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.26
Price Trends
50DMA
0.22
Positive
100DMA
0.17
Positive
200DMA
0.13
Positive
Market Momentum
MACD
0.01
Positive
RSI
49.41
Neutral
STOCH
8.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ENX, the sentiment is Neutral. The current price of 0.26 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.22, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.41 is Neutral, neither overbought nor oversold. The STOCH value of 8.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ENX.

Enegex Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
51
Neutral
AU$60.20M-13.28-61.77%-45.08%
46
Neutral
AU$7.92M-76.38%
44
Neutral
AU$7.23M50.00%
43
Neutral
AU$8.67M-2.19-90.56%-178.00%
41
Neutral
AU$25.46M-4.23-21.63%31.14%
41
Neutral
AU$15.39M-0.35-80.38%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ENX
Enegex Limited
0.24
0.16
235.71%
AU:ALB
Albion Resources Ltd.
0.06
0.02
52.50%
AU:MTL
Caeneus Minerals Limited
AU:EM2
Eagle Mountain Mining Ltd.
0.01
0.00
0.00%
AU:BM8
Pathfinder Resources Ltd
0.12
0.02
19.79%
AU:EEL
Kopore Metals Ltd

Enegex Limited Corporate Events

Enegex Updates Registered and Principal Office Address
Dec 22, 2025

Enegex Limited has announced a change to its registered and principal administrative office, which is now located at Suite 29, 375 Hay Street, Subiaco, Western Australia. The relocation, effective immediately, represents a formal update of the company’s official contact and administrative base, ensuring compliance with ASX requirements but does not signal any disclosed change to its operations or strategy for stakeholders at this time.

Enegex Limited Advances Gold Exploration in Côte D’Ivoire
Dec 2, 2025

Enegex Limited has commenced power auger drilling and trenching on its Tougbe and Gogo exploration permits in Côte D’Ivoire, aiming to further define gold discoveries in preparation for aircore drilling scheduled for early 2026. The company has also received approval for four permit applications, marking significant progress in its exploration efforts. These activities are expected to enhance Enegex’s positioning within the gold exploration sector and potentially increase its resource base, thereby impacting stakeholders positively.

Enegex Limited Appoints New Director with Significant Holdings
Nov 20, 2025

Enegex Limited has announced the appointment of Kouassi Eric Kondo as a director, effective November 17, 2025. Kondo holds significant interests in the company, including 4,526,643 ordinary shares directly and additional shares and options through EK2 Holding Limited, where he is a director and controlling shareholder. This appointment and the substantial holdings indicate a strengthened leadership and potential strategic influence on Enegex’s future direction.

Enegex Limited Announces Director Resignation and Shareholding Details
Nov 19, 2025

Enegex Limited has announced the resignation of Robina Ann Sharpe from her position as a director, effective November 18, 2025. The notice details Sharpe’s interests in the company’s securities, including 12,167 fully paid ordinary shares as a registered holder and 153,500 shares through Sharpe Bros Super Fund Pty Ltd, reflecting the share consolidation completed on November 12, 2025. This change in directorship may impact the company’s governance and strategic direction.

Enegex Director Increases Stake with New Share and Option Acquisitions
Nov 19, 2025

Enegex Limited has announced a change in the interests of its director, Roger Christian Steinepreis, involving the acquisition of 2,400,000 fully paid ordinary shares and 1,250,000 unlisted incentive options. This change, effective as of November 12, 2025, reflects an increase in the director’s indirect holdings through entities such as Workpower Pty Ltd and family trusts, potentially impacting the company’s governance and signaling confidence in its future prospects.

Enegex Limited Announces Strategic Board and Management Changes
Nov 18, 2025

Enegex Limited has announced significant changes to its board and management following the acquisition of Famien Resources Pty Ltd. Paul Roberts, a seasoned geologist with a history of successful gold discoveries, has been appointed as Managing Director, while Eric Kondo, an experienced Ivoirian lawyer, joins as a non-executive director. These appointments, along with Tony Tomba as Company Secretary and CFO, are expected to enhance Enegex’s strategic direction and exploration efforts, particularly in West Africa, potentially impacting the company’s growth and positioning in the mining sector.

Enegex Limited Announces Change in Substantial Shareholder
Nov 14, 2025

Enegex Limited has announced that Asiago Pty Ltd has ceased to be a substantial holder in the company as of November 12, 2025. This change involves a direct subscription transaction amounting to $120,000, affecting 2,400,000 voting securities. The announcement marks a significant shift in the company’s shareholder structure, potentially impacting its governance and strategic decision-making processes.

Enegex Expands Portfolio with New Share Issue and Acquisition
Nov 12, 2025

Enegex Limited has issued 180,000,000 new fully paid ordinary shares as part of its acquisition of Famien Resources Pty Ltd and the associated capital raise. This move is expected to enhance Enegex’s resource asset portfolio and strengthen its market position, reflecting the company’s ongoing commitment to growth and expansion in the energy sector.

Enegex Completes Famien Acquisition and $5M Placement
Nov 12, 2025

Enegex Limited has completed the acquisition of Famien Resources Pty Ltd, securing a 3,700 km² portfolio of gold-prospective exploration permits in Côte D’Ivoire. Additionally, the company has finalized a $5 million share placement, enhancing its capital structure and potentially strengthening its position in the exploration sector.

Enegex Limited Announces Quotation of 180 Million New Securities
Nov 12, 2025

Enegex Limited has announced the issuance of 180,000,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code ENX. This move is part of a previously announced transaction, and it is expected to enhance the company’s market presence and provide additional capital for its operations, potentially impacting stakeholders positively by increasing liquidity and investment opportunities.

Enegex Limited’s AGM: All Resolutions Passed
Oct 31, 2025

Enegex Limited announced the successful outcome of its 2025 Annual General Meeting, where all proposed resolutions were passed. Key resolutions included the adoption of the remuneration report, re-election of a director, and approvals related to share issuance and capital consolidation, which are expected to enhance the company’s operational and strategic capabilities.

Enegex Limited Expands Gold Exploration Footprint with Strategic Acquisition
Oct 23, 2025

Enegex Limited has announced its acquisition of Famien Resources Pty Ltd, a company with a substantial portfolio of gold exploration permits in Côte d’Ivoire. This strategic move is expected to enhance Enegex’s exploration capabilities with drill-ready targets and a significant land package in a region known for its gold potential. The acquisition will also see the addition of experienced personnel to the board, including Paul Roberts and Eric Kondo, to bolster the company’s exploration efforts. To support these initiatives, Enegex has secured commitments for a $5 million share placement, pending shareholder approval.

Enegex Limited Plans Strategic Acquisition of Côte D’Ivoire Gold Projects
Oct 14, 2025

Enegex Limited has announced a planned acquisition of promising gold projects in Côte D’Ivoire, led by experienced gold finders in West Africa. This strategic move, pending shareholder approval, is expected to enhance Enegex’s position in the gold exploration industry and potentially deliver significant value to its stakeholders.

Enegex Limited Announces Key Resolutions for Upcoming AGM
Sep 30, 2025

Enegex Limited has announced its upcoming Annual General Meeting, scheduled for October 31, 2025, in Perth, Australia. Key agenda items include the consideration of financial statements, the adoption of a remuneration report, the re-election of Director Roger Steinepreis, and several resolutions concerning company capital and share issuance. These resolutions, if passed, could significantly impact the company’s capital structure and shareholder value, indicating strategic moves to optimize financial operations and shareholder engagement.

Enegex Ltd Announces AGM Date and Director Nomination Deadline
Sep 30, 2025

Enegex Ltd, listed on the ASX under the ticker ENX, has announced the schedule for its 2025 Annual General Meeting, which is set to take place on October 31, 2025. Additionally, the company has set October 6, 2025, as the deadline for receiving nominations for individuals interested in being considered for election as a Director of the company. This announcement is crucial for stakeholders as it outlines the timeline for significant governance activities, potentially impacting the company’s leadership and strategic direction.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025